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Iraq seeks to ensure an appropriate share of OPEC
Baghdad / follow-up justice - 19/06/2012 - 8:49 p.m. | Hits: 6
Said Thamer Ghadban chief advisers to Iraq to at least two years before reaching the level of production within OPEC calls for discussions on the determination of its share of production. Ghadban said that analysts have talked about the possibility of disagreement within OPEC after the restoration of Iraq's leadership role.
He Ghadhban in an energy conference in London that the issue is not a matter of immediate concern within OPEC because it does not still have two years before reaching a production capacity exceeding four million barrels per day. And exempted Iraq from OPEC production quota system for years because of war and sanctions. The Anger The latest production quota allocated to Iraq was in June 1990 when the size of the production target of both Iran and Iraq, 3.14 million barrels per day and raised the plan to expand oil production adopted Baghdad supplies to three million barrels and was the last time was in Iraq at this level before 1990 and at least a slightly from the production of Iran, which fell to its lowest level in 20 years because of Western sanctions. He angered the production capacity of Iraq will reach 3.4 million barrels per day by the end of the year, is expected to reach 4.5 million barrels per day by 2014. said Ghadban told the conference that the Baghdad part of its energy over the past three decades benefited other countries, productive, and that some producers are unable to reach production quotas set for them in earlier. stressing that Iraq needs to secure a share of "appropriate" in OPEC at the right time. "I do not face immediate problem on Iraq sought to regain its appropriate OPEC will be useful to look to the east side when Iraq becomes a major contributor to oil supplies again. "and added that Iraq is considering reducing the target level to increase production capacity to about 9.3 million barrels per day from the current level of the target currently of 12 million barrels per day, which some see in the field of energy in the exaggerated ambition. and even in that case will come in Iraq ranked second in OPEC after Saudi Arabia, which reach the production capacity to 12.5 million barrels per day
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Baghdad / follow-up justice - 19/06/2012 - 8:49 p.m. | Hits: 6
Said Thamer Ghadban chief advisers to Iraq to at least two years before reaching the level of production within OPEC calls for discussions on the determination of its share of production. Ghadban said that analysts have talked about the possibility of disagreement within OPEC after the restoration of Iraq's leadership role.
He Ghadhban in an energy conference in London that the issue is not a matter of immediate concern within OPEC because it does not still have two years before reaching a production capacity exceeding four million barrels per day. And exempted Iraq from OPEC production quota system for years because of war and sanctions. The Anger The latest production quota allocated to Iraq was in June 1990 when the size of the production target of both Iran and Iraq, 3.14 million barrels per day and raised the plan to expand oil production adopted Baghdad supplies to three million barrels and was the last time was in Iraq at this level before 1990 and at least a slightly from the production of Iran, which fell to its lowest level in 20 years because of Western sanctions. He angered the production capacity of Iraq will reach 3.4 million barrels per day by the end of the year, is expected to reach 4.5 million barrels per day by 2014. said Ghadban told the conference that the Baghdad part of its energy over the past three decades benefited other countries, productive, and that some producers are unable to reach production quotas set for them in earlier. stressing that Iraq needs to secure a share of "appropriate" in OPEC at the right time. "I do not face immediate problem on Iraq sought to regain its appropriate OPEC will be useful to look to the east side when Iraq becomes a major contributor to oil supplies again. "and added that Iraq is considering reducing the target level to increase production capacity to about 9.3 million barrels per day from the current level of the target currently of 12 million barrels per day, which some see in the field of energy in the exaggerated ambition. and even in that case will come in Iraq ranked second in OPEC after Saudi Arabia, which reach the production capacity to 12.5 million barrels per day
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